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Yellen notes 'cloud of uncertainty'

The Fed believes the economy is strong enough to withstand higher rates after steady gains in employment. But Mr Pursche of Bruderman Brothers also says "political realities" will set in after Mr Trump's inauguration.

PHOTO: AFP

WEDNESDAY may be the day that a multi-decade decline in interest rates ended.

Stocks fell while bond yields and the dollar rose sharply after the Federal Reserve hiked interest rates for the first time in a year and promised a more aggressive policy next year than previously indicated.